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Friday, 10 August 2018

Marina Berlusconi - businesswoman

Tycoon’s daughter who heads two of his companies

Marina Berlusconi has been president of her
father's Fininvest company since 2005

Marina Berlusconi, the oldest of business tycoon and former Italian prime minister Silvio Berlusconi’s five children, was born on this day in 1966 in Milan.

Since 2003 she has been chair of Arnoldo Mondadori Editore, Italy’s largest publishing company, and since 2005 president of Fininvest, the Berlusconi holding company that is also Mondadori’s parent company.

She is or at times has been a director of several other Berlusconi companies, including Mediaset, Medusa Film, Mediolanum and Mediobanca. Forbes magazine once described her as the most powerful woman in Italy and one of the 50 most powerful women in the world.

Born Maria Elvira Berlusconi, her mother is Carla Elvira Lucia Dall’Oglio, a woman the businessman met for the first time at a tram stop outside Milan Centrale railway station in 1964 and married the following year, at a time when he was an enterprising but relatively obscure real estate broker.

They were divorced in 1985, much to the disappointment of Marina and her brother, Piersilvio, after their father had begun a relationship with the actress Veronica Lario, who would become his second wife and the mother of his third, fourth and fifth children.

Marina Berlusconi has acquired the reputation
of a hard-nosed businesswoman

After Silvio Berlusconi had made his fortune from Milano Due, a vast residential area built on cheaply-acquired redundant farmland near the city’s Linate airport, Marina was brought up in the family’s palatial 18th century home, the Villa San Martino, in the town of Arcore, about 25km (16 miles) northeast of Milan.

Educated at Leo Dehon high school in Monza, where she obtained her baccalaureate, Marina began studying law and then political science at university but left without completing her degree and instead began to work in her father’s companies.

She was appointed a vice-president of Fininvest at the age of 29 and was said to be closely involved in the development of financial and economic strategies and in the management of the group. At a time when female figures in Italian boardrooms were rare, she began to gain a reputation as a hard-nosed businesswoman not afraid to back her own instincts.

In 1998, working with her brother Piersilvio, she resisted an attempt by Rupert Murdoch to buy a controlling interest in her father’s TV company Mediaset, the Australian-born media tycoon dropping out after failing to negotiate a reduction in the price she felt the company was worth, when it was thought her father might soften.

In October 2005, she was appointed Fininvest president and chair, having already been given control of Arnoldo Mondadori publishing house following the death of Leonardo Mondadori, the grandson of the company’s founder.

Berlusconi addressing a shareholders'
meeting at Mondadori

According to Forbes, in 2008 she was the ninth richest heiress in the world, in line to inherit a fortune of 9.4 billion dollars.

In the same year, she married her long-time partner, the former first dancer at Milan’s Teatro alla Scala, Maurizio Vanadia. They already had two children, Gabriele and Silvio, born respectively in 2002 and 2004.

Marina had been taken with Maurizio after watching him perform in Swan Lake and they met again when he was being treated for an injury by the physiotherapist at her father’s football club, AC Milan.

They were married in a small ceremony in a private chapel within the grounds of the family home at Villa San Martino.

Since 2013, when her father, who has been prime minister of four Italian governments, was barred from public office, there have been several periods of speculation that Marina would move into politics, taking control of her father’s Forza Italia party.

However, she has always denied that she has any political ambitions, despite describing her father as the victim of a witchhunt. In 2017 she said: "I think that the leadership in politics can not be transmitted by investiture or by dynastic succession".

In 2009 the Mayor of Milan, Letizia Moratti - a former Berlusconi minister - awarded her the Gold Medal of the Municipality of Milan as "an example of Milanese excellence in the world and the ability to reconcile professional commitment and family life"

An 18th century painting of the Villa Borromeo-d'Adda

Travel tip:

The town of Arcore in the province of Monza and Brianza probably has Roman origins and two monasteries were established in the area in the Middle Ages. It was not until the 16th century that the town began to develop, when several noble Lombard families, such as the Casati, Durini, Giulini, Vismara, D'Adda, Barbò families, began building villas in the area’s attractive countryside, including the Villa Borromeo-d'Adda, the Villa la Cazzola and the Villa San Martino, which became the Berlusconi family residence. The town’s industrial base developed after Italian unification in 1861 when two railway companies opened stations.

Silvio Berlusconi's palatial home at Arcore, the Villa San
Martino, which he bought in 1974

Travel tip:

The Villa San Martino, on the site of a former Benedictine monastery, was restored as a manor house by the Counts Giulini and substantially rebuilt by the wealthy Casati Stampa family in the 18th century, one of a group of grand farm houses or hunting lodges known as the ville delizie. It was acquired by Silvio Berlusconi in 1974 when the last Casati owner, having fallen on hard times, decided to sell up and emigrate to Brazil. The 3,500m² villa, complete with art gallery, a library of ten thousand volumes, furniture and a park with stables, was valued at 1.7 billion lire but was reportedly bought by Berlusconi for only 500m lire.

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THE SHOOTING IN SORRENTO

The Shooting in Sorrento, a new crime novel set in the southern Italy resort, is now available from Amazon.
It is the second Butler and Bartorelli mystery by Val Culley, following Death in the High City, which was set in Bergamo in Lombardy.The book - written for readers who prefer the 'cosy crime' genre - features journalist Kate Butler and her partner, Steve Bartorelli, who is a retired Detective Chief Inspector.They are in Sorrento for the wedding of the daughter of one of Steve’s Italian cousins.When tragedy strikes an English family staying at their hotel, Kate feels she has to help.She joins forces with another visitor to Sorrento to investigate after it becomes clear the Italian police aren’t looking further than the English family.

Sicilian who brought order among warring clans Charles 'Lucky' Luciano, pictured in Italy in 1948, after he had been deported ...

ITALY

BEST OF ITALY HOTELS

A selection of recommended hotels in Italy. Click on the picture to visit the site.

BEST OF BERGAMO

Tips and advice for visitors to this lovely Italian city. Click on the picture to visit the site.

BEST OF SORRENTO

Tips and advice for visitors to this popular Italian resort. Click on the picture to visit the site.

BEST OF PADOVA

What to see in this charming city in the Veneto. Click on the picture to visit the site.

NOTICE

All facts given on this website have been carefully researched and are published by the Italy On This Day Editor in good faith. All travel advice, hotel and restaurant recommendations are based on information that has been checked and was correct at the time of writing.